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Article: Grainger Announces Acquisition of Imperial Supplies, LLC.
- Article from:
- PR Newswire
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Oct. 14 /PRNewswire-FirstCall/ -- Grainger , North America's leading broad line distributor of facilities maintenance products, today announced it has signed and closed an all cash acquisition of Imperial Supplies, LLC from American Capital, Ltd. . No other terms of the agreement were disclosed. Grainger anticipates the transaction should be accretive to earnings by $.03-$.05 a share in 2010 including product and transportation cost savings.
Imperial is a national distributor of quality maintenance products and aftermarket components for the vehicle and fleet industry. The company has built its strong reputation by offering customers highly efficient ...